Micron Technology's 15min chart triggers RSI overbought, KDJ death cross.

According to Micron Technology's 15-minute chart, the Relative Strength Index (RSI) has reached an overbought level, and the KDJ (KST-Diff-Jigou) indicator has triggered a death cross at 05/01/2025 11:30. This suggests that the stock price has experienced a rapid and unsustainable increase, exceeding its fundamental support, and is likely to experience a shift in momentum towards the downside, potentially leading to further decreases in the stock price.

Micron Technology Inc. (NASDAQ: MU) has seen significant fluctuations in its stock price, with recent indicators suggesting a potential shift in momentum. According to the 15-minute chart, the Relative Strength Index (RSI) has reached an overbought level, indicating a rapid and unsustainable increase in the stock price. Additionally, the KDJ (KST-Diff-Jigou) indicator has triggered a death cross at 05/01/2025 11:30, which is a technical signal that the stock price has exceeded its fundamental support and is likely to experience a downward shift in momentum [1].

The RSI, a momentum oscillator that measures the speed and change of price movements, typically ranges between 0 and 100. An RSI above 70 is considered overbought, suggesting that the stock may be overvalued and ripe for a correction. The death cross, formed when the KDJ indicator's fast line crosses below the slow line, is a bearish signal that often precedes a decline in stock price.

These indicators align with the recent performance of Micron Technology's stock. The company reported a remarkable 38.2% year-over-year growth in its revenue for the quarter ending March 2025, with a non-GAAP gross profit of $3.1 billion, an operating income of approximately $2 billion, and a non-GAAP net income of $1.8 billion. However, the company's non-GAAP gross margin has been on a downward trajectory, falling from 39.5% in Q1 to 37.9% in Q2 and expected to be 36.5% for the ongoing quarter, indicating lower profitability [2].

While the company's earnings have been strong, the technical indicators suggest that the stock price may have exceeded its fair value, potentially leading to a correction. Investors should monitor the stock's performance closely and consider the implications of these technical signals on their investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/integrated-wealth-concepts-llc-grows-stock-holdings-in-micron-technology-inc-nasdaqmu-2025-04-26/
[2] https://www.nasdaq.com/articles/micron-technologys-q3-2025-earnings-what-expect